American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 9,863 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $13.39, for a total transaction of $132,065.57. Following the transaction, the chief financial officer now directly owns 106,701 shares of the company’s stock, valued at $1,428,726.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of American Software, Inc. (NASDAQ:AMSWA) traded up $0.02 during trading hours on Monday, hitting $13.31. 58,497 shares of the stock were exchanged, compared to its average volume of 64,817. The firm has a market cap of $403.45, a price-to-earnings ratio of 18.85 and a beta of 0.76. American Software, Inc. has a 12 month low of $9.00 and a 12 month high of $13.69.
American Software (NASDAQ:AMSWA) last issued its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The company had revenue of $30.12 million during the quarter, compared to analyst estimates of $27.03 million. American Software had a net margin of 19.22% and a return on equity of 18.98%. sell-side analysts expect that American Software, Inc. will post 0.4 earnings per share for the current year.
Several large investors have recently modified their holdings of AMSWA. ArrowMark Colorado Holdings LLC lifted its stake in shares of American Software by 2,074.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 822,377 shares of the software maker’s stock worth $9,564,000 after acquiring an additional 784,557 shares during the period. Nationwide Fund Advisors lifted its stake in shares of American Software by 41.4% in the 3rd quarter. Nationwide Fund Advisors now owns 248,168 shares of the software maker’s stock worth $2,819,000 after acquiring an additional 72,600 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its stake in shares of American Software by 36.5% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 246,544 shares of the software maker’s stock worth $2,867,000 after acquiring an additional 65,974 shares during the period. State Street Corp raised its holdings in shares of American Software by 12.7% in the 2nd quarter. State Street Corp now owns 583,043 shares of the software maker’s stock worth $5,997,000 after purchasing an additional 65,833 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of American Software by 256.6% in the 4th quarter. Algert Global LLC now owns 84,116 shares of the software maker’s stock worth $978,000 after purchasing an additional 60,526 shares in the last quarter. 75.43% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. B. Riley boosted their target price on shares of American Software from $12.25 to $14.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research raised shares of American Software from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, March 7th. ValuEngine raised shares of American Software from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, BidaskClub lowered shares of American Software from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.
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About American Software
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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